Spotting early accumulation activity before a price rally poses challenges for cryptocurrency traders, particularly as whales who accumulate early can’t always predict the subsequent market moves. Nevertheless, as sentiment around altcoins improves, several tokens are experiencing a notable decline in their exchange reserves, a trend that might signal optimism in the current market landscape.
Pepe (PEPE) has emerged as a meme coin that’s benefitting from the robust performance of the Ethereum network. Despite the overall positive environment, PEPE’s price action hasn’t surged as strongly as anticipated. Technical analysts have noted that the token’s price has been confined within a broad symmetrical triangle pattern that extends from the beginning of the year to the present. For PEPE to breakout and rally, it requires a significant catalyst. Santiment data hints at potential momentum that could facilitate such a breakout.
Recently, PEPE’s exchange supply plummeted to a yearly low of 93.8 trillion in September, with charts indicating a consistent decrease in exchange reserves since the start of 2025. Coupled with this, PEPE’s trading volume surpassed $6 billion last week, more than doubling the amount from the prior week. The combination of falling reserves and increasing trading volume points to a potentially positive setup for a bullish price movement.
Jasmy (JASMY) is also gaining momentum, benefiting particularly as the robotics sector garners increasingly favorable forecasts. Recent figures from CoinMarketCap indicate a growth in JASMY holders, rising from 86,000 to over 96,000 since the onset of 2025. Additionally, Santiment data shows JASMY’s exchange reserves have hit a one-year low of 10.1 billion in September, demonstrating a persistent downward trend that has lasted throughout the year. Despite these promising indicators, JASMY’s price continues to linger below $0.02. CryptoMobese, a market analyst, forecasts that JASMY could soon break from its constricted trading range, potentially entering a five-wave rally that could push the price above $0.30.
The Sandbox (SAND) has also exhibited tightening price movements within a triangle formation, a pattern that traders closely monitor for possible breakout indicators. A bullish sign has emerged in September as SAND’s exchange reserves approached yearly lows, with approximately 850 million SAND tokens leaving exchanges just in this quarter alone. This trend may suggest an increased demand from users wishing to withdraw tokens for utilization within the metaverse ecosystem. Furthermore, Sandbox announced a significant development in September, launching Alpha Season 6 accompanied by a prize pool of 250,000 SAND. This event has the potential to attract more players to the platform, invigorating the ecosystem and possibly igniting a price breakout.
These three altcoins—PEPE, JASMY, and SAND—illustrate an intriguing aspect of the current altcoin season. While many tokens have yet to demonstrate significant performance, the patterns of accumulation indicate that investors might be strategically positioning themselves for the next phase in the market.
